Steel plate prices soften as summer comes early

Jun 07, 2013 | 05:25 PM | Catherine Ngai

Tags  steel, plate, cut-to-length, discrete plates, prices, imports, lead times, spot prices coil

NEW YORK — U.S. plate tags have continued to soften on the back of increased foreign competition, shortened domestic lead times and uncertainty heading into the typically slower summer months, sources say.

After domestic mills partially succeeded in raising steel plate tags by some $60 per ton earlier this year, prices have slid back to where they were pre-increase, sources told AMM this past week.

"We had a small rally at the end of the first quarter, but if you look at the pricing, we’re really right back to where we were at the beginning," said one mill source. "Whatever blip there was, it was indeed just a blip."....

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